SUBSCRIBE NEWS LETTER

acme solar

ACME Solar Secures ₹2,491 Cr Refinancing for 490 MW RE Projects

ACME Solar Holdings, a unit of the diversified ACME Group, has secured a Rs 2,491 crore long-term project finance facility for 18-20 years. The refinancing will help the company restructure its existing debt and lower financing costs for its 490 MW operational renewable energy projects across Andhra Pradesh, Rajasthan, and Punjab. The refinancing, secured from […]

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ACME Solar To Focus On FDRE, Hybrid Projects, Invest Rs 17k cr

ACME Solar Holdings plans to invest Rs 17,000 crore to boost renewable energy capacity to 5 GigaWatts (GW) by 2026, the top management of the company told journalists. In an interaction with reporters, Nikhil Dhingra, CEO of ACME Solar discussed its future roadmap. The company, which was till now confined to vanilla solar projects and […]

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Q3 FY25: ACME Solar’s PAT Up By 152% YoY, PAT Margin At 28%

ACME Solar Holdings, in its Q3 FY25 financial results, reported a 152% year-over-year (YoY) increase in Profit After Tax (PAT). It also reported a 632.5% jump in its net profit on a Quarter-On-Quarter (QoQ) basis. The PAT margin reached 28%, while the net debt-to-equity ratio stood at 1.6x. The company’s total revenue increased by 9.9% […]

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News In Brief Jan 24: ACME Solar, LONGi, Sungrow, Qcells 

Rajasthan: ACME Solar Operational RE Capacity Touches 2.54 GW ACME Solar Holdings through its subsidiaries ACME Deoghar Solar Power and ACME Phalodi Solar Energy, has commissioned the remaining capacity of 47 MW and 39.95 MW, respectively. The company commissioned these projects in Rajasthan.  The company said in a regulatory filing, “These two plants are now […]

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ACME Solar Commissions 90 MW Solar Project In Rajasthan

ACME Solar Holding (ASHL) has now commissioned an additional aggregate capacity of 90 MW of solar power projects in Rajasthan. The company secured this project through its subsidiaries, viz. ACME Dhaulpur Powertech Private Limited and ACME Raisar Solar Energy Private Limited, to commission the remaining capacity of 62 MW and 28 MW, respectively. These two […]

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ACME Solar Appoints Dinesh Chadha As President, Renewable Energy (Senior Management)

Gurugram-based ACME Solar has announced the appointment of Dinesh Chadha as the President,  Renewable energy of the company. The company said in a regulatory filing, “Dinesh Chadha holds a bachelor’s degree in Electrical Engineering from Nagpur University. Before joining Acme Solar, he served as the Managing Director at Linxon India (earlier ABB India) for India […]

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ACME Solar Commissions 1 GW Solar Projects In Rajasthan

Haryana-based ACME Solar Holdings Limited (ASHL), has now commissioned its four ISTS-connected SECI projects. These solar projects aggregated to 1.02 GW are located in Jaisalmer, Rajasthan. They are part of a 1200 MW cluster spread over 4 projects. This achievement marks the commissioning of one of the largest single-location projects in India. The remaining capacity […]

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ACME Solar Set To Bring Its Maiden Wind Project Soon

ACME Solar, a renewable energy project developer, is transitioning beyond its solar-focused roots. The company is gearing up to commission its first-ever wind energy project, marking a significant step in its diversification journey. In a recent investors’ call, the company’s top management shared insights into its evolving strategy and plans for the future. Transition to […]

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